Active Money Personal Pension - Standard LifeActive Money Personal Pension 03 External fund managers are in charge of managing their own funds including what they invest in. This means

Active Money Personal PensionFund choices and charges guide

Contents01 Making the right choices02 Important information04 Guidance notes10 Large fund discounts11 Where you can invest your money12 Strategic lifestyle profiles14 MyFolio15 Full fund range27 Standard Life Active Retirement

Active Money Personal Pension 01

Remember to• Take time to pick your investment options and

understand the risks

• Take a look at the factsheets for the funds you’re invested in to keep track of how they’re performing — you can do this online at www.standardlife.co.uk

• Speak to your financial adviser regularly – they can help you keep your pension on track

Choosing where to invest your money is perhaps one of the most important decisions you have to make when arranging your Active Money Personal Pension. How your chosen investment options perform has a major impact on your pension; so please take time to choose your investment options carefully, understand the risks and also take regular time out to review how they are doing. Your financial adviser can help you select and monitor your investment options. Remember, your plan is very flexible and allows you to switch investment options to suit your changing goals. If you do not have a financial adviser we can direct you to one, or we can provide limited guidance ourselves.

Making the right choices

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02 Active Money Personal Pension

Before making your investment choices please make sure you read the following information, which includes details of some of the risks you should be aware of.

• Before you decide to buy, you need to know what the risks and commitments are. Read our Key Features Document. It will help you decide if this product is right for you. If you’re still not sure what to do, speak to a financial adviser or contact us. There may be a cost for this.

• The return on each fund depends on the performance of the assets it invests in and the charges on the fund.

• The price of units depends on the value of the fund’s assets after charges. This can go down as well as up, and your investment in the fund may be worth less than what was paid in.

• We review volatility ratings regularly and they can change over time.

• Some funds invest in overseas assets. This means that exchange rates and the political and economic situation in other countries can significantly affect the value of these funds. The value can go down as well as up, and your investment in the fund may be worth less than what was paid in.

• The asset mix that each fund invests in is continuously reviewed. It may be changed in line with developments in the relevant markets. Part of each fund may be held in cash and other money market instruments – see the Guidance notes section for more information.

• You’ll probably be one of many investors in each fund you choose. Sometimes, in exceptional circumstances, we may have to wait before we can transfer or switch your investments. This is to maintain fairness between those remaining in and those leaving the fund. This delay could be for up to a month.

But for some funds, the delay could be longer:

It may be for up to six months if it’s a property based fund because property and land can take longer to sell.

If our fund invests in an external fund, the delay could be longer if the rules of the external fund allow this.

If we have to delay a transfer or switch, we will use the fund prices on the day the transaction takes place – these prices could be very different from the prices on the day you made the request.

• Some funds invest in property. The valuation of property is generally a matter of a valuer’s opinion rather than fact.

• You can change the mix of your investments as it suits you. But you can’t invest in more than 12 funds at one time, 11 if you are invested in the Trustee Cash Account. In some situations there may be a delay in carrying out your fund switch requests.

• Transaction costs may apply when you switch in and out of funds. These will be taken into account in the price used to calculate the value of the funds on the day you switch and will vary depending on the type of fund. For example, a typical transaction cost for an equity fund is between 0.20% and 1.20% of the price you receive. But for property funds they can be much higher – up to 7% of the price you receive, or even higher in exceptional circumstances. This is because of the additional costs involved in buying and selling property, such as stamp duty.

• Some funds invest in funds managed by external fund managers. In these cases, the description of the fund is provided by the external fund manager so Standard Life can’t guarantee that it’s accurate.

Important information


External fund managers are in charge of managing their own funds including what they invest in. This means that Standard Life is not responsible for these funds’ performance or continued availability.

The investment performance of the Standard Life version of a fund will be different from what you would see if you invested in the underlying fund directly. There can be several differences, due to charges, cash management, tax and the timing of investing.

• Some fund managers may look to get a better return by lending some of the assets from our funds to certain financial institutions. This involves some risk, and in certain circumstances, the fund could suffer a loss – for example, if the institution encountered financial difficulties and was unable to return the asset. The fund manager will use some controls to manage this risk, such as obtaining security from the borrower and monitoring their credit rating. External fund managers may also lend assets and are responsible for their own controls.

• Funds can sometimes use derivatives to improve portfolio management and to help meet investment objectives. A derivative is a financial instrument – its value is derived from the underlying value or movement in other assets, financial commodities or instruments, like equities, bonds, interest rates, etc.

There is a risk that a counterparty will fail, or partially fail, to meet their contractual obligations under the arrangement. Where a counterparty fails, the fund could suffer a loss. As part of the management of a fund, a number of controls can be used to reduce the impact of this risk, such as holding collateral and monitoring credit ratings.

Depending on how it is used, a derivative can involve little financial outlay but result in large gains or losses. Standard Life has control over the use of derivatives in its funds and external fund managers are responsible for their own controls.

• Charges are not guaranteed and can be altered in the future.

• The funds listed here were correct when this document was published. We cannot guarantee that all funds will be available when you make an investment.


Which investment options are right for me?Here’s some more information to help you decide on the investment option(s) that might suit you. Learn about asset classes, investment approaches, different types of investments, volatility ratings and charges.

Asset classesAn ‘asset class’ is a category of investments, such as equities or bonds. Normally assets in the same class have similar characteristics. However, they can have very different returns and risks.

The value of the investments in any asset class can go up or down and may be worth less than what was paid in – there are no guarantees. Past performance is not a reliable guide to future performance.

EquitiesWhat are they?Equities are part ownership in a company, usually known as stocks or shares.

What’s the potential return? The return on equities comes from growth in the value of the shares, plus any income from dividends. For overseas equities, changes in the foreign currency exchange rates could also significantly affect returns.

What are the risks? Equities are one of the more volatile asset classes – although they can offer good growth potential, their value can rise or drop sharply at any time. Because of this volatility, equities should normally be viewed as a long term investment.

BondsWhat are they?Bonds are essentially loans to a government or company. These loans are often for a set time period and the bond owner usually receives regular interest payments. Bonds issued by the UK government are called ‘gilts’ and those issued by a company are ‘corporate bonds’.

What’s the potential return?The return is a combination of any interest received and any change in the bond’s value. For overseas bonds, changes in the foreign currency exchange rates could also significantly affect returns.

What are the risks?A bond’s return will be affected if:

• the interest or capital can’t be paid back in full or on time

• the creditworthiness of the company or government reduces

• interest rates or foreign currency exchange rates change

Bonds can be traded on the stock market, so their value can go up and down at any time. Some bonds are riskier than others, eg bonds issued for a longer time period or by companies which are viewed as risky.

Money Market Instruments (including cash)What are they?Money market instruments include deposits with banks and building societies, as well as governments and large corporations. They also include other investments that can have more risk and return than standard bank deposits. There are circumstances where money market instruments can fall in value.

What’s the potential return?The return comes from any interest received and any change in the value of the instrument.

What are the risks?Investments in these assets are riskier than cash deposit accounts – in some circumstances their values will fall. The return may also be lower than inflation.

Guidance notes


PropertyWhat is it?Property investing includes direct investments in buildings and land, as well as indirect investments such as shares in property companies.

What’s the potential return?The return from a direct investment in property is a combination of rental income and any change in the property value. In comparison, the return on property securities can be similar to equities (see the ‘equities’ asset class description for potential returns and risks).

What are the risks?The value of direct property is generally based on a valuer’s opinion and is not fact. Property can take a lot longer to sell than other types of investment, so you might not be able to sell when you want to or get the price you were hoping for. Property securities, like equities, can have sharp changes in value at any time.

The values of different types of property do not necessarily move in line with each other. For example commercial property could be losing value even if house prices are going up.

Other These are investments that don’t fit into one of the other asset class categories. They include direct and indirect investments in real assets like commodities, for example oil or precious metals. They also include investments with specialist characteristics.

Standard Life uses asset classes to categorise our fund range. We categorise some funds as ‘other’ because they invest in more than one type of asset and therefore can’t be categorised as any individual asset class. Alternatively, funds can be classed as ‘other’ because they don’t meet the criteria of the recognised industry sectors or they haven’t provided enough information to be categorised.

Investment approachesPassive fundsA passive fund aims to track or replicate the performance of a benchmark (usually a market index or blend of market indices). The performance of this type of fund will be affected by the rise or fall of the market or markets it’s seeking to track and any charges which apply. Charges are typically lower for passive funds than active alternatives. But as these funds aren’t trying to outperform the markets they track, returns will usually be lower than their benchmark because of the impact of charges. You may also see passive funds called ‘tracker’ or ‘index-tracking’ funds.

Active fundsAn active fund usually aims to achieve returns that are higher than a benchmark (such as the returns from a market index, cash/inflation, or the average return of other similar funds). The fund manager will try to outperform the benchmark by analysing potential investments to find the ones that they believe will provide higher returns over the longer term. Because of this, active funds are usually more expensive than passive alternatives. There’s also no guarantee that returns will be higher than the benchmark.

Absolute returnsAbsolute return funds usually aim to have a positive return regardless of market conditions. Their investment strategies vary widely, but they often use complex strategies that make use of derivatives. Risk and return will depend on exactly what the fund invests in, but in general absolute return funds can be expected to fall less than the wider markets when markets fall, but also to increase by less than markets when they rise. Although absolute return funds aim for consistent positive returns, there is no guarantee that they will achieve them, and the funds can fall in value. Absolute return funds may have different risks from other funds due to the derivatives that they use, and also because they may borrow, which increases potential returns and risk.


Fund typesManagedThese funds are normally managed by a single fund manager. The fund manager will choose the mix of assets that make up the fund (for example, how much to invest in equities, or bonds). Different funds will use different mixes of assets depending on their risk and return objectives.

Manager of ManagersThis type of fund involves an independent investment expert (the ‘Manager of Managers’) researching and choosing fund managers for each asset type within the fund. The Manager of Managers will then monitor each individual fund manager and, using their judgement, may change them over time. This type of fund can be a good way for you to spread your investment over a range of fund managers without having to actively manage your choice of funds.

Because you are paying for the manager’s investment expertise, the charges for Manager of Managers funds can be higher than for other types of fund.

MyFolioThe MyFolio Funds are 25 carefully constructed investment portfolios, managed by Standard Life Investments, which reflect different investment styles, risk levels and asset mixes.

Standard Life MyFolio Market Funds: invest mainly in tracker funds.

Standard Life MyFolio Managed Funds: invest mainly in actively managed funds from Standard Life Investments.

Standard Life MyFolio Managed Income Funds: invest mainly in actively managed funds from Standard Life Investments which focus on creating income, for example through equity dividends, bond yields and property rental income.*

Standard Life MyFolio Multi‑Manager Funds: invest in carefully selected actively managed funds from some of the leading managers in the market.

Standard Life MyFolio Multi‑Manager Income Funds: invest in carefully selected actively managed funds from some of the leading managers in the market which focus on creating income, for example through equity dividends, bond yields and property rental income.*

* Any income generated within the Standard Life MyFolio Managed Income Funds and Multi-Manager Income Funds will be reinvested in the funds rather than paid out.

For more information about MyFolio Funds, and to receive a copy of the ‘MyFolio Funds customer guide’, please speak to your financial adviser or call us to discuss.

Please note that the value of investments can go down as well as up, and may be worth less than what was paid in. If you are unsure of which investment option(s) to choose you may wish to seek advice from a financial adviser. There may be a cost for this.


Lifestyle profiles Lifestyle profiles are investment options that are specifically designed to make it easy for you to save for retirement.

Once you’re in a lifestyle profile, you don’t need to do anything, although we do recommend that you regularly review your investments to make sure they’re on track to meet your goals.

There are two main stages in lifestyle profiles:

1. Growth stage – usually when you’re more than 10 years from retirement

Your money will be invested in funds that aim to increase the value of your pension over time (although please remember that all funds can go up and down in value and investment growth is not guaranteed).

2. Approaching retirement stage – usually when you’re less than 10 years from retirement

Your money will gradually be moved into funds designed to prepare your pension for how you plan to take your retirement income. This will happen automatically – you don’t need to do anything.

You should make sure any lifestyle profile you choose matches your retirement income plans, whether that’s buying an annuity, taking a flexible income (known as drawdown), taking your money as a lump sum, or a combination of these. It’s also important to consider when you’ll take your retirement income as lifestyle profiles make changes to your investments based on your selected retirement date. As a result, they may only be suitable if you’re planning to start taking your retirement income at your selected retirement date. If you aren’t sure how and when you should take your retirement income, or whether a lifestyle profile is suitable for you, you should speak to a financial adviser.

Standard Life’s strategic lifestyle profiles Our range of lifestyle profiles are called strategic lifestyle profiles (SLPs).

Once you’ve chosen the SLP that’s most appropriate for you, our experts will:

• manage your money for you right up until you retire

• decide where you should be invested and when

• make sure the funds you’re in don’t take any more or less risk than they should

In the growth stage, your money will be invested in one of our risk-based funds. To find out more about these funds and the different risk levels, see the Fund types section.

In the approaching retirement stage, your money will gradually and automatically be moved into funds designed to get your investments to where they need to be when you retire.

One of the benefits of our SLPs is their flexibility – we can make changes to them at any time to make sure they continue to meet your needs, for example because of changes in legislation.


Our SLPs are designed to reflect the different ways you can take your retirement income:

• Universal SLPs – if you would like the flexibility to take your money the way you want when you retire, or if you plan to take your full tax-free lump sum and use the rest of your pension to take a flexible income (known as drawdown).

• Annuity SLPs – if you plan to take your full tax-free lump sum and buy a fixed annuity with the rest of your pension. This option may not be suitable if you plan to buy an annuity that increases each year at a rate linked with inflation (an index-linked annuity).

• Lump Sum SLPs – if you plan to take all of your pension as one or more lump sums over a relatively short period.

• Active Retirement SLPs – if you plan to take your flexible retirement income (also known as drawdown) through our Standard Life Active Retirement investment option.

You can see a list of the available SLPs in the strategic lifestyle profiles section later in this guide. For more details on the SLPs, including where they invest and when, read our ‘Strategic lifestyle profile’ guides (Universal, Annuity, Lump Sum and Active Retirement).

If you choose to invest in a lifestyle profile, you cannot combine this with any other lifestyle profile.


We regularly review volatility ratings for funds, and these may change.

We set ratings based on our experts’ judgement, using data on:

• how the fund price has varied from month to month in the past, compared to other funds available

• how investments in similar asset classes vary from month to month and the investment policy of the fund.

Typically, higher volatility ratings mean greater potential investment returns over the longer term. But high volatility funds are more likely to suddenly fall or rise in value. The volatility rating is not the only factor you should consider when selecting a fund. If you’re not sure which funds to choose, please seek advice from a financial adviser.

Fund management charge We apply a charge to money invested in our funds. This is known as the fund management charge (FMC) and is shown as an annual rate. However, we deduct the charge from each fund on a daily basis, which has the effect of reducing its unit price.

Additional expenses Additional expenses may be deducted from some funds. They include items such as custodian, third party administration, trustee, registrar, auditor and regulator fees. Where a fund invests in other underlying funds, they may also include the underlying management charges. As the additional expenses relate to expenses incurred during the fund management process, they will regularly increase and decrease as a percentage of the fund, sometimes significantly. The additional expenses figure shown is the annual rate of the charge. But where additional expenses apply, they are taken into account when the fund’s unit price is calculated each day.

If a performance fee applies to a fund, it is included in the additional expenses figure retrospectively. We have indicated funds where a performance fee may apply later in this guide.

All additional expenses figures shown are rounded to two decimal places. This means that although additional expenses may apply to some funds, they may show as 0.00% as we have rounded to two decimal places.

Total annual fund chargeThe total annual fund charge is the FMC plus additional expenses.

The charges which apply to each fund are shown later in this guide.

Charges are not guaranteed. They are regularly reviewed and may be changed in the future. The information in this guide is correct as at May 2018. For the latest information, please go to www.standardlife.co.uk

Volatility ratingsThe volatility rating of a fund indicates how much the fund price might move compared to other funds. The higher the volatility rating, the less stable the fund price is likely to be. You can use this to help you decide how much risk you’re comfortable taking with your investments.

Less volatile 0 1 2 3 4 5 6 7 More

volatile


You may receive a discount to reduce the effect of the total annual fund charge. It depends on the value of your plan and the funds in which you’re invested. Each month we’ll use the value of your plan, less any cash held on deposit in the Trustee Cash Account, to work out which discount percentage, if any, applies to you. In any month where you’re eligible for a discount, we’ll apply that discount by adding extra units to any qualifying fund you’re invested in. Funds which don’t qualify for large fund discount are highlighted within the table notes on pages 16 to 25.

Any amounts invested in funds that don’t qualify for a discount still count towards your plan value when we work out the discount percentage that applies to you.

Large fund discounts

The table below shows the yearly rate of the discount.

Plan value less cash on deposit Discount percentage

Under £25,000 None

£25,000 - £249,999 0.3% a year

£250,000 - £499,999 0.4% a year

£500,000 or more 0.5% a year

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Your optionsHere are the main options available to you:

Strategic lifestyle profiles You can choose from one of the strategic lifestyle profiles.

Details are in the Standard Life’s strategic lifestyle profiles section.

MyFolioYou can make individual choices from the range of MyFolio Funds based on how much risk you’re comfortable taking.

Details are in the MyFolio Funds section.

Full fund rangeYou can make individual choices from the full Standard Life fund range.

Details are in the Full fund range section.

Before you choose a fund you should read the latest fund fact sheet. You can find them on our website at www.standardlife.co.uk/funds

Standard Life Active RetirementYou can access your pension money from age 55 (may be subject to change in the future). Standard Life Active Retirement is our ready-made investment option for customers looking to take out their money flexibly over more than five years, whether that’s setting up a regular income or taking lump sum withdrawals. For more on Standard Life Active Retirement, see our webpages at: www.standardlife.co.uk/slar

If your still unsure, we recommend you seek advice from a financial adviser before making a choice.

Where you can invest your money

Fund name and code This gives the name of the fund and internal code used by Standard Life. Please enter both of these in full in the appropriate boxes when completing an application form. This will help us process your application.

http://www.standardlife.co.uk/funds

http://www.standardlife.co.uk/slar


Strategic lifestyle profiles

Profile name Profile code FMC Additional expenses

Total annual fund charge

Active/Passive investment 1

MyFolio Managed II Universal SLP U2MG 1.00% 0.30% 1.30% Active

MyFolio Managed III Universal SLP U3MG 0.80% 0.57% 1.37% Active

MyFolio Managed IV Universal SLP U4MG 0.80% 0.62% 1.42% Active

MyFolio Managed V Universal SLP U5MG 0.80% 0.64% 1.44% Active

MyFolio Market II Universal SLP U2MK 1.00% 0.02% 1.02% Active

MyFolio Market III Universal SLP U3MK 0.80% 0.24% 1.04% Active

MyFolio Market IV Universal SLP U4MK 0.80% 0.23% 1.03% Active

MyFolio Market V Universal SLP U5MK 1.00% 0.02% 1.02% Active

MyFolio Managed I Annuity SLP A1MG 0.80% 0.46% 1.26% Active

MyFolio Managed II Annuity SLP A2MG 1.00% 0.30% 1.30% Active

MyFolio Managed III Annuity SLP A3MG 0.80% 0.57% 1.37% Active

MyFolio Managed IV Annuity SLP A4MG 0.80% 0.62% 1.42% Active

MyFolio Managed V Annuity SLP A5MG 0.80% 0.64% 1.44% Active

MyFolio Market I Annuity SLP A1MK 1.00% 0.01% 1.01% Active

MyFolio Market II Annuity SLP A2MK 1.00% 0.02% 1.02% Active

MyFolio Market III Annuity SLP A3MK 0.80% 0.24% 1.04% Active

MyFolio Market IV Annuity SLP A4MK 0.80% 0.23% 1.03% Active

MyFolio Market V Annuity SLP A5MK 1.00% 0.02% 1.02% Active

MyFolio Managed I Lump Sum SLP C1MG 0.80% 0.46% 1.26% Active

MyFolio Managed II Lump Sum SLP C2MG 0.80% 0.50% 1.30% Active

MyFolio Managed III Lump Sum SLP C3MG 0.80% 0.57% 1.37% Active

MyFolio Managed IV Lump Sum SLP C4MG 0.80% 0.62% 1.42% Active

MyFolio Managed V Lump Sum SLP C5MG 0.80% 0.64% 1.44% Active

MyFolio Market I Lump Sum SLP C1MK 1.00% 0.01% 1.01% Active

MyFolio Market II Lump Sum SLP C2MK 0.80% 0.22% 1.02% Active

MyFolio Market III Lump Sum SLP C3MK 0.80% 0.24% 1.04% Active

MyFolio Market IV Lump Sum SLP C4MK 0.80% 0.23% 1.03% Active

MyFolio Market V Lump Sum SLP C5MK 1.00% 0.01% 1.01% Active

MyFolio Managed II Active Retirement SLP R2MG 1.00% 0.41% 1.41% Active

MyFolio Managed III Active Retirement SLP R3MG 1.00% 0.41% 1.41% Active

MyFolio Managed IV Active Retirement SLP R4MG 0.80% 0.62% 1.42% Active

MyFolio Managed V Active Retirement SLP R5MG 0.80% 0.64% 1.44% Active

MyFolio Market II Active Retirement SLP R2MK 1.00% 0.41% 1.41% Active

MyFolio Market III Active Retirement SLP R3MK 1.00% 0.41% 1.41% Active

MyFolio Market IV Active Retirement SLP R4MK 1.00% 0.41% 1.41% Active

MyFolio Market V Active Retirement SLP R5MK 1.00% 0.41% 1.41% Active

Active Plus II Universal SLP S2AP 1.10% 0.02% 1.12% Active

Active Plus III Universal SLP S3AP 1.10% 0.02% 1.12% Active

Active Plus IV Universal SLP S4AP 1.15% 0.03% 1.18% Active

Active Plus V Universal SLP S5AP 1.15% 0.03% 1.18% Active

Passive Plus II Universal SLP U2PP 1.00% 0.03% 1.03% Active


Profile name Profile code FMC Additional expenses



Passive Plus III Universal SLP U3PP 1.00% 0.03% 1.03% Active

Passive Plus IV Universal SLP U4PP 1.00% 0.03% 1.03% Active

Passive Plus V Universal SLP U5PP 1.00% 0.04% 1.04% Active

Active Plus I Annuity SLP A1AP 1.10% 0.01% 1.11% Active

Active Plus II Annuity SLP A2AP 1.00% 0.12% 1.12% Active

Active Plus III Annuity SLP A3AP 1.00% 0.12% 1.12% Active

Active Plus IV Annuity SLP A4AP 1.15% 0.03% 1.18% Active

Active Plus V Annuity SLP A5AP 1.15% 0.03% 1.18% Active

Passive Plus I Annuity SLP A1PP 1.00% 0.02% 1.02% Active

Passive Plus II Annuity SLP A2PP 1.00% 0.03% 1.03% Active

Passive Plus III Annuity SLP A3PP 1.00% 0.03% 1.03% Active

Passive Plus IV Annuity SLP A4PP 1.00% 0.03% 1.03% Active

Passive Plus V Annuity SLP A5PP 1.00% 0.04% 1.04% Active

Active Plus I Lump Sum SLP C1AP 1.10% 0.01% 1.11% Active

Active Plus II Lump Sum SLP C2AP 1.10% 0.02% 1.12% Active

Active Plus III Lump Sum SLP C3AP 1.10% 0.02% 1.12% Active

Active Plus IV Lump Sum SLP C4AP 1.15% 0.03% 1.18% Active

Active Plus V Lump Sum SLP C5AP 1.15% 0.03% 1.18% Active

Passive Plus I Lump Sum SLP C1PP 1.00% 0.02% 1.02% Active

Passive Plus II Lump Sum SLP C2PP 1.00% 0.03% 1.03% Active

Passive Plus III Lump Sum SLP C3PP 1.00% 0.02% 1.02% Active

Passive Plus IV Lump Sum SLP C4PP 1.00% 0.03% 1.03% Active

Passive Plus V Lump Sum SLP C5PP 1.00% 0.04% 1.04% Active

Active Plus II Active Retirement SLP R2AP 1.00% 0.41% 1.41% Active

Active Plus III Active Retirement SLP R3AP 1.00% 0.41% 1.41% Active

Active Plus IV Active Retirement SLP R4AP 1.00% 0.41% 1.41% Active

Active Plus V Active Retirement SLP R5AP 1.00% 0.41% 1.41% Active

Passive Plus II Active Retirement SLP R2PP 1.00% 0.41% 1.41% Active

Passive Plus III Active Retirement SLP R3PP 1.00% 0.41% 1.41% Active

Passive Plus IV Active Retirement SLP R4PP 1.00% 0.41% 1.41% Active

Passive Plus V Active Retirement SLP R5PP 1.00% 0.41% 1.41% Active

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section. 1 Please see the Guidance notes section for an explanation of active/passive investments. SLP notesFor more information on the strategic lifestyle profiles (SLPs), see the Guidance notes section.If you are in any doubt as to which SLP you should choose, we strongly recommend you seek advice from a financial adviser. There may be a cost for this.It is not possible to invest in more than one SLP at a time. You can’t combine an SLP with any other investment, but you can put money in the Trustee Cash Account if you choose an SLP.The figures shown in this table reflect the charges of the most expensive fund in which the SLP invests. As you get closer to retirement, the investment aims of the SLP move away from growth and towards preparing your pension for how you plan to take your retirement income. For more information on how our SLPs work and how long your investments are held in each fund, please see our ‘Strategic lifestyle profiles’ guides (Universal, Annuity, Lump Sum and Active Retirement).


MyFolio

Fund name Fund code Volatility rating

FMC Additional expenses



Standard Life MyFolio Managed Income I Pension Fund AABG 2 0.80% 0.58% 1.38% Active

Standard Life MyFolio Managed Income II Pension Fund CCJB 3 0.80% 0.62% 1.42% Active

Standard Life MyFolio Managed Income III Pension Fund CCEG 4 0.80% 0.69% 1.49% Active

Standard Life MyFolio Managed Income IV Pension Fund KKPA 5 0.80% 0.76% 1.56% Active

Standard Life MyFolio Managed Income V Pension Fund AAPI 6 0.80% 0.81% 1.61% Active

Standard Life MyFolio Managed I Pension Fund CCEF 2 0.80% 0.46% 1.26% Active

Standard Life MyFolio Managed II Pension Fund AAMI 3 0.80% 0.50% 1.30% Active

Standard Life MyFolio Managed III Pension Fund AAAF 4 0.80% 0.57% 1.37% Active

Standard Life MyFolio Managed IV Pension Fund DDNP 5 0.80% 0.62% 1.42% Active

Standard Life MyFolio Managed V Pension Fund NBGC 6 0.80% 0.64% 1.44% Active

Standard Life MyFolio Market I Pension Fund BBEE 2 0.80% 0.21% 1.01% Active

Standard Life MyFolio Market II Pension Fund LLJE 3 0.80% 0.22% 1.02% Active

Standard Life MyFolio Market III Pension Fund AACE 4 0.80% 0.24% 1.04% Active

Standard Life MyFolio Market IV Pension Fund LLNB 5 0.80% 0.23% 1.03% Active

Standard Life MyFolio Market V Pension Fund BBIA 6 0.80% 0.20% 1.00% Active

Standard Life MyFolio Multi-Manager Income I Pension Fund CCKA 2 1.05% 0.58% 1.63% Active

Standard Life MyFolio Multi-Manager Income II Pension Fund JJMM 3 1.05% 0.72% 1.77% Active

Standard Life MyFolio Multi-Manager Income III Pension Fund AAMJ 4 1.05% 0.78% 1.83% Active

Standard Life MyFolio Multi-Manager Income IV Pension Fund LLNP 5 1.05% 0.89% 1.94% Active

Standard Life MyFolio Multi-Manager Income V Pension Fund KKMN 6 1.05% 0.91% 1.96% Active

Standard Life MyFolio Multi-Manager I Pension Fund MMBA 2 1.05% 0.52% 1.57% Active

Standard Life MyFolio Multi-Manager II Pension Fund AADC 3 1.05% 0.58% 1.63% Active

Standard Life MyFolio Multi-Manager III Pension Fund MMKF 4 1.05% 0.70% 1.75% Active

Standard Life MyFolio Multi-Manager IV Pension Fund BBJP 5 1.05% 0.78% 1.83% Active

Standard Life MyFolio Multi-Manager V Pension Fund KKGF 6 1.05% 0.81% 1.86% Active

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section. 1 Please see the Guidance notes section for an explanation of active/passive investments.


Full fund range

Do you have a good understanding of investments and how assets perform? This could be the right choice for you. Read each fund’s fact sheet for their aims and how they invest. You can find these at www.standardlife.co.uk

• You will need to build your investment portfolio from a number of funds.

• It is up to you to regularly monitor the performance of your funds and decide whether to make any changes.

• You may need to adjust your portfolio regularly to keep it in line with your investment profile.

Picking your own asset mix It is very important that you pick an asset mix and build a portfolio that aims to meet your individual needs and your attitude towards risk. If you are unsure then you may wish to seek advice from a financial adviser.

You should think about investing in a variety of asset classes, and a range of investments within each class.

Are you approaching retirement? If you are nearing retirement (for example if you are five years or less away), you may want to consider starting to invest in funds aimed at preparing your pension for how you plan to take your retirement income. Some funds have aims which are aligned to specific retirement income plans, such as buying an annuity, while others may be more suitable if you intend to take a flexible income (known as drawdown) or take all of your pension as one or more lump sums.

For example, if you intend to buy an annuity when you retire, you may wish to consider being invested in a fund that targets buying an annuity by the time you retire. And if you plan on taking a 25% tax-free lump sum, you could consider moving into a money market fund or funds.

If you are unsure where to invest, you may want to seek advice from a financial adviser.



The Trustee Cash AccountThe Trustee Cash Account is available if you want to hold cash on deposit. It enables you to have cash available for investment opportunities, and to pay charges. For example, if you’re not yet sure which funds you want to invest in, you can leave your money in the Trustee Cash Account until you’re ready.

If you choose to invest in the Trustee Cash Account the interest is accrued daily and applied on a monthly basis. The rate of interest is normally 1% below the Bank of England base rate. Please give us a call for the latest rate on 0345 278 5626. Call charges will vary and calls may be recorded and/or monitored to help improve customer service.






Standard Life Managed 50/50 Pension Fund2 GE 3 0.60% 0.02% 0.62% Active

Standard Life Managed 60/40 Pension Fund2 GJ 3 0.60% 0.02% 0.62% Active

Standard Life Managed 70/30 Pension Fund2 GK 4 0.60% 0.02% 0.62% Active

Standard Life Ethical Pension Fund G7 6 1.00% 0.01% 1.01% Active

Standard Life Managed Pension Fund FA 4 1.00% 0.02% 1.02% Active

Standard Life Multi Asset Managed (20-60% Shares) Pension Fund F8 3 1.00% 0.02% 1.02% Active

SL SLI Dynamic Distribution Pension Fund 87 4 1.30% 0.12% 1.42% Active

SL 7IM Adventurous Pension Fund ADLL 5 1.65% 0.58% 2.23% Active

SL 7IM Balanced Pension Fund ADLF 4 1.65% 0.42% 2.07% Active

SL 7IM Moderately Adventurous Pension Fund ADLG 5 1.65% 0.45% 2.10% Active

SL 7IM Moderately Cautious Pension Fund ADLH 3 1.65% 0.39% 2.04% Active

SL Aberdeen Multi Asset Pension Fund KL 4 1.30% 0.18% 1.48% Active

SL Baillie Gifford Managed Pension Fund MMJE 5 1.30% 0.04% 1.34% Active

SL BlackRock Consensus 35 Pension Fund DDPA 4 1.08% 0.02% 1.10% Active

SL BlackRock Consensus 60 Pension Fund CCNP 4 1.08% 0.02% 1.10% Active

SL BlackRock Consensus 85 Pension Fund LLNC 4 1.08% 0.01% 1.09% Active

SL F&C MM Lifestyle Balanced Pension Fund ZJ 4 1.90% 0.62% 2.52% Active

SL Fidelity Multi Asset Open Growth Pension Fund 2D 5 1.65% 0.71% 2.36% Active

SL HSBC World Selection Balanced Portfolio Pension Fund R3 4 1.63% 0.21% 1.84% Active

SL Investec Cautious Managed Pension Fund 2Y 3 1.68% 0.10% 1.78% Active

SL Investec Diversified Growth Pension Fund BBJM 4 1.68% 0.11% 1.79% Active

SL Janus Henderson Cautious Managed Pension Fund NS 3 1.54% 0.20% 1.74% Active

SL JP Morgan Global Macro Balanced Pension Fund YD 2 1.56% 0.18% 1.74% Active

SL Jupiter Distribution Pension Fund KH 2 1.50% 0.13% 1.63% Active

SL Jupiter Merlin Balanced Portfolio Pension Fund 1F 4 1.85% 0.88% 2.73% Active

SL Jupiter Merlin Growth Portfolio Pension Fund 1D 5 1.85% 0.98% 2.83% Active

SL Jupiter Merlin Income Portfolio Pension Fund 1E 3 1.85% 0.73% 2.58% Active

SL LF Seneca Diversified Growth Pension Fund VJ 5 1.70% 0.53% 2.23% Active

SL LF Seneca Diversified Income Pension Fund VK 4 1.70% 0.45% 2.15% Active

SL M&G Episode Allocation Pension Fund VQ 4 1.64% 0.30% 1.94% Active

SL Newton Global Balanced Pension Fund KF 4 1.30% 0.05% 1.35% Active

SL Newton Multi-Asset Diversified Return Pension Fund 73 3 1.30% 0.20% 1.50% Active

SL Newton Multi-Asset Growth Pension Fund KM 5 1.30% 0.11% 1.41% Active

SL Schroder ISF Global Diversified Growth Hedged Pension Fund GGEB 4 1.65% 0.14% 1.79% Active

SL Schroder Managed Balanced Pension Fund BFCE 4 1.50% 0.10% 1.60% Active

SL TM Levitas A Pension Fund MMMB 5 1.65% 0.78% 2.43% Active

SL TM Levitas B Pension Fund EELB 2 1.65% 0.68% 2.33% Active

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.2 These funds don’t qualify for large fund discounts. For more information about large fund discounts please see page 10.

Managed funds






Standard Life Active Plus I Pension Fund LLNA 2 1.10% 0.01% 1.11% ActiveStandard Life Active Plus II Pension Fund LLPA 3 1.10% 0.02% 1.12% ActiveStandard Life Active Plus III Pension Fund DDNA 4 1.10% 0.02% 1.12% ActiveStandard Life Active Plus IV Pension Fund FFND 5 1.15% 0.03% 1.18% ActiveStandard Life Active Plus V Pension Fund FFBA 6 1.15% 0.03% 1.18% ActiveStandard Life Passive Plus I Pension Fund KKGD 2 1.00% 0.02% 1.02% ActiveStandard Life Passive Plus II Pension Fund JJKM 3 1.00% 0.03% 1.03% ActiveStandard Life Passive Plus III Pension Fund CCHD 4 1.00% 0.02% 1.02% ActiveStandard Life Passive Plus IV Pension Fund JJJA 5 1.00% 0.03% 1.03% ActiveStandard Life Passive Plus V Pension Fund FFKG 6 1.00% 0.04% 1.04% Active

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.

Risk-based funds

UK Equities





Standard Life UK Equity Pension Fund FN 6 1.00% 0.01% 1.01% ActiveStandard Life UK Equity Select Pension Fund HR 6 1.40% 0.01% 1.41% ActiveSL SLI UK Equity Growth Pension Fund BL 7 1.50% 0.10% 1.60% ActiveSL SLI UK Equity High Income Pension Fund 88 6 1.30% 0.09% 1.39% ActiveSL SLI UK Equity Income Unconstrained Pension Fund YC 6 1.70% 0.11% 1.81% ActiveSL SLI UK Equity Recovery Pension Fund BI 7 1.65% 0.13% 1.78% ActiveSL SLI UK Equity Unconstrained Pension Fund RQ 7 1.70% 0.02% 1.72% ActiveSL SLI UK Ethical Pension Fund JJNN 7 1.75% 0.10% 1.85% ActiveSL SLI UK Opportunities Pension Fund K6 7 1.30% 0.11% 1.41% ActiveSL SLI UK Smaller Companies Pension Fund KR 6 1.40% 0.09% 1.49% ActiveSL iShares UK Equity Index Pension Fund JP 5 1.00% 0.01% 1.01% PassiveSL BlackRock UK Income Pension Fund HY 5 1.40% 0.13% 1.53% ActiveSL BlackRock UK Pension Fund 72 6 1.68% 0.17% 1.85% ActiveSL BlackRock UK Special Situations Pension Fund 71 5 1.75% 0.17% 1.92% ActiveSL Fidelity Special Situations Pension Fund KO 6 2.00% 0.19% 2.19% ActiveSL Invesco Perpetual High Income Pension Fund K1 5 1.88% 0.00% 1.88% ActiveSL Investec UK Smaller Companies Pension Fund BEEK 6 1.68% 0.08% 1.76% ActiveSL Investec UK Special Situations Pension Fund KKBK 5 1.68% 0.09% 1.77% ActiveSL Jupiter Income Trust Pension Fund KX 5 1.80% 0.19% 1.99% ActiveSL Jupiter UK Growth Pension Fund KY 7 1.80% 0.27% 2.07% ActiveSL LF Woodford Equity Income Pension Fund EEJG 5 1.65% 0.00% 1.65% ActiveSL Liontrust UK Growth Pension Fund KV 5 1.80% 0.14% 1.94% ActiveSL Majedie UK Equity Pension Fund CZ 5 1.75% 0.02% 1.77% ActiveSL Newton UK Equity Pension Fund KW 5 1.30% 0.11% 1.41% ActiveSL Old Mutual UK Mid Cap Pension Fund 1V 6 1.85% 0.00% 1.85% ActiveSL Rathbone Income Pension Fund 1Y 5 1.75% 0.04% 1.79% ActiveSL Rathbone UK Opportunities Pension Fund 1Z 6 1.75% 0.15% 1.90% ActiveSL Schroder Income Maximiser Pension Fund 2V 5 1.71% 0.16% 1.87% ActiveSL Schroder Recovery Pension Fund DDPK 6 1.68% 0.16% 1.84% ActiveSL Schroder UK Alpha Plus Pension Fund CN 6 1.68% 0.16% 1.84% ActiveSL Schroder UK Dynamic Smaller Companies Pension Fund AAFB 6 1.60% 0.17% 1.77% Active






Standard Life European Equity Pension Fund FE 6 1.00% 0.02% 1.02% ActiveSL SLI European Equity Unconstrained Pension Fund NANL 6 1.77% 0.20% 1.97% ActiveSL SLI European Equity Growth Pension Fund BBNH 7 1.50% 0.16% 1.66% ActiveSL SLI European Equity Income Pension Fund BH 6 1.50% 0.10% 1.60% ActiveSL SLI European Ethical Equity Pension Fund FFBE 6 1.75% 0.12% 1.87% ActiveSL SLI European Smaller Companies Pension Fund GGPF 6 1.77% 0.10% 1.87% ActiveSL iShares Continental European Equity Index Pension Fund LLJD 6 1.00% 0.01% 1.01% PassiveSL Fidelity European Pension Fund 2B 6 1.75% 0.20% 1.95% ActiveSL FP Argonaut European Alpha Pension Fund 2P 6 1.87% 0.20% 2.07% ActiveSL Janus Henderson European Growth Pension Fund 1P 6 1.75% 0.20% 1.95% ActiveSL Janus Henderson European Selected Opportunities Pension Fund KK 6 1.75% 0.20% 1.95% Active

SL Schroder European Opportunities Pension Fund JJAJ 6 1.60% 0.18% 1.78% ActiveSL Threadneedle European Pension Fund 0A 6 1.75% 0.18% 1.93% ActiveSL Vanguard FTSE Developed Europe ex UK (AMLP) Pension Fund2 3

MACC 6 0.50% 0.02% 0.52% Passive

SL Vanguard SRI European Stock Pension Fund LLEG 6 1.00% 0.02% 1.02% Passive

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.2 These funds don’t qualify for large fund discounts. For more information about large fund discounts please see page 10.3 The FTSE Developed Europe ex UK Index is calculated solely by FTSE International Limited (“FTSE”). FTSE International Limited (“FTSE”) does not

sponsor, endorse, or promote funds. All copyright in the index values and constituent list vests in FTSE. Licences have been obtained from FTSE to use such copyright in the creation of this fund. “FTSE®” is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

European Equities





SL Schroder UK Mid 250 Pension Fund KZ 7 1.80% 0.16% 1.96% ActiveSL Schroder UK Opportunities Pension Fund EEDK 5 1.60% 0.17% 1.77% ActiveSL Schroder UK Smaller Companies Pension Fund YL 6 1.60% 0.16% 1.76% ActiveSL Threadneedle UK Equity Income Pension Fund CCIA 5 1.68% 0.12% 1.80% ActiveSL Threadneedle UK Pension Fund KKEG 5 1.68% 0.12% 1.80% ActiveSL Vanguard FTSE UK All Share Index (AMLP) Pension Fund2 3 BBCF 5 0.50% 0.02% 0.52% PassiveSL Vanguard FTSE UK Equity Income Index Pension Fund4 BFBE 6 1.00% 0.02% 1.02% Passive

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.2 These funds don’t qualify for large fund discounts. For more information about large fund discounts please see page 10.3 The FTSE All-Share Index is calculated solely by FTSE International Limited (“FTSE”). FTSE International Limited (“FTSE”) does not sponsor, endorse, or promote funds. All copyright in the index values and constituent list vests in FTSE. Licences have been obtained from FTSE to use such copyright in the creation of this fund. “FTSE®” is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

4 The FTSE UK Equity Income Index is calculated solely by FTSE International Limited (“FTSE”). FTSE International Limited (“FTSE”) does not sponsor, endorse, or promote funds. All copyright in the index values and constituent list vests in FTSE. Licences have been obtained from FTSE to use such copyright in the creation of this fund. “FTSE®” is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

UK Equities (continued)






Standard Life North American Equity Pension Fund FK 6 1.00% 0.01% 1.01% Active

SL SLI American Equity Unconstrained Pension Fund DGLF 6 1.50% 0.11% 1.61% Active

SL iShares North American Equity Index Pension Fund IKFF 6 1.00% 0.01% 1.01% Passive

SL Schroder US Mid Cap Pension Fund CX 6 1.68% 0.16% 1.84% Active

SL Threadneedle American Pension Fund AALJ 6 1.78% 0.12% 1.90% Active

SL Threadneedle American Select Pension Fund KN 6 1.75% 0.12% 1.87% Active

SL Vanguard US Equity (AMLP) Pension Fund2 JJMK 6 0.50% 0.02% 0.52% Passive


North American Equities

Far East Equities





Standard Life Asia Pacific ex Japan Equity Pension Fund FY 7 1.00% 0.14% 1.14% Active

Standard Life Far East Equity Pension Fund FF 6 1.00% 0.10% 1.10% Active

Standard Life Japanese Equity Pension Fund FJ 6 1.00% 0.02% 1.02% Active

SL SLI China Equities Pension Fund DDMC 7 1.77% 0.16% 1.93% Active

SL SLI Indian Equity Midcap Opportunities Pension Fund AALK 7 1.77% 0.41% 2.18% Active

SL SLI Japanese Equity Growth Pension Fund FFAN 6 1.50% 0.12% 1.62% Active

SL iShares Japan Equity Index Pension Fund NBCF 6 1.00% 0.01% 1.01% Passive

SL iShares Pacific ex Japan Equity Index Pension Fund GGAC 7 1.00% 0.03% 1.03% Passive

SL Fidelity Asia Pension Fund KQ 7 2.00% 0.22% 2.22% Active

SL Invesco Perpetual Japan Pension Fund CCDE 6 1.89% 0.00% 1.89% Active

SL Schroder Asian Income Maximiser Pension Fund GGKH 6 1.71% 0.19% 1.90% Active

SL Schroder Tokyo Pension Fund 5Y 6 1.80% 0.16% 1.96% Active

SL Vanguard Japan Stock Index Pension Fund NNPG 6 1.00% 0.02% 1.02% Passive

SL Vanguard Pacific ex Japan Stock Index Pension Fund BFDG 7 1.00% 0.02% 1.02% Passive

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1Please see the Guidance notes section for an explanation of active/passive investments.






Standard Life 2010 Global Equity 50:50 Tracker Pension Fund3

ZV 5 0.50% 0.01% 0.51% Passive

Standard Life 2010 Overseas Tracker Pension Fund2 ZW 5 0.50% 0.01% 0.51% Passive

Standard Life 30:60:10 Global and Emerging Market Equity Tracker (Vanguard) Pension Fund

JJPN 5 1.00% 0.03% 1.03% Passive

Standard Life 30:70 Global Equity (BlackRock) Pension Fund BBKA 6 1.00% 0.02% 1.02% Passive

Standard Life 30:70 Global Equity Tracker (Vanguard) Pension Fund

BBMP 5 1.00% 0.01% 1.01% Passive

Standard Life 50:50 Global Equity (BlackRock) Pension Fund LLEK 6 1.00% 0.02% 1.02% Passive


AAPJ 5 1.00% 0.01% 1.01% Passive

Standard Life 60:40 Global Equity (BlackRock) Pension Fund LLGK 6 1.00% 0.02% 1.02% Passive


AACG 5 1.00% 0.01% 1.01% Passive

Standard Life 70:30 Global Equity (BlackRock) Pension Fund FFDB 6 1.00% 0.02% 1.02% Passive


KKHF 5 1.00% 0.01% 1.01% Passive

Standard Life Global Equity 50:50 Pension Fund HT 5 1.00% 0.01% 1.01% Active

Standard Life Global Equity Select 60:40 Pension Fund FX 5 1.35% 0.01% 1.36% Active

Standard Life International Equity Pension Fund FO 5 1.00% 0.03% 1.03% Active

Standard Life Overseas Equity Pension Fund GZ 6 1.00% 0.01% 1.01% Active

Standard Life Stock Exchange Pension Fund FB 5 1.00% 0.03% 1.03% Active

Standard Life World Ex UK Equity (BlackRock) Pension Fund KNBD 6 1.00% 0.02% 1.02% Passive

SL SLI Global Emerging Markets Equity Income Pension Fund MPPF 7 1.60% 0.18% 1.78% Active

SL SLI Global Emerging Markets Equity Pension Fund IKPL 7 1.60% 0.19% 1.79% Active

SL SLI Global Emerging Markets Equity Unconstrained Pension Fund ADPL 7 1.75% 0.17% 1.92% Active

SL SLI Global Equity Income Pension Fund LLLA 5 1.60% 0.13% 1.73% Active

SL SLI Global Equity Unconstrained Pension Fund KS 6 1.40% 0.11% 1.51% Active

SL SLI Global Smaller Companies Pension Fund KKEF 5 1.70% 0.11% 1.81% Active

SL Aberdeen World Equity Income Pension Fund JJLL 7 1.60% 0.15% 1.75% Active

SL Aberdeen World Equity Pension Fund DDNL 6 1.60% 0.14% 1.74% Active

SL BlackRock Global Equity Pension Fund NNMI 5 1.00% 0.02% 1.02% Active

SL BlackRock Overseas Equity Pension Fund LNGA 5 1.00% 0.02% 1.02% Active

SL Fidelity Global Special Situations Pension Fund 62 6 2.00% 0.20% 2.20% Active

SL Fidelity Wealthbuilder Pension Fund JA 5 2.00% 0.30% 2.30% Active

SL Janus Henderson Emerging Markets Opportunities Pension Fund C8 7 1.75% 0.26% 2.01% Active

SL HSBC Islamic Global Equity Index Pension Fund JB 6 1.30% 0.00% 1.30% Passive

SL Invesco Perpetual Global Equity Income Pension Fund MMNP 5 1.88% 0.00% 1.88% Active

SL Invesco Perpetual Global Smaller Companies Pension Fund NNMC 5 1.91% 0.00% 1.91% Active

SL Investec Global Strategic Equity Pension Fund YK 6 1.75% 0.11% 1.86% Active

SL iShares Emerging Markets Equity Index Pension Fund DDFF 7 1.14% 0.05% 1.19% Passive

SL JP Morgan Emerging Markets Pension Fund NC 7 1.68% 0.18% 1.86% Active

SL Jupiter Merlin Worldwide Portfolio Pension Fund 1G 5 1.85% 1.05% 2.90% Active

Global Equities


Global Equities (continued)





SL Liontrust Global Income Pension Fund 1H 6 1.75% 0.16% 1.91% Active

SL M&G Global Basics Pension Fund 1L 6 1.70% 0.17% 1.87% Active

SL M&G Global Dividend Pension Fund HAPH 6 1.68% 0.16% 1.84% Active

SL M&G Global Emerging Markets Pension Fund AADD 7 1.68% 0.23% 1.91% Active

SL M&G Global Select Pension Fund YB 5 1.72% 0.16% 1.88% Active

SL Newton 50/50 Global Equity Pension Fund KJ 5 1.50% 0.07% 1.57% Active

SL Newton Emerging Income Pension Fund CCKE 7 1.68% 0.15% 1.83% Active

SL Newton Global Equity Pension Fund 5V 5 1.30% 0.12% 1.42% Active

SL Schroder Global Emerging Markets Pension Fund 5W 7 1.75% 0.24% 1.99% Active

SL UBS Global Optimal Pension Fund KT 6 1.45% 0.25% 1.70% Active

SL Vanguard Emerging Markets Stock Index Pension Fund BFAD 7 1.15% 0.07% 1.22% Passive

SL Vanguard FTSE Developed World ex UK (AMLP) Pension Fund2 4 EEAN 6 0.50% 0.02% 0.52% Passive

SL Vanguard SRI Global Stock Pension Fund CCBF 6 1.00% 0.02% 1.02% Passive

SL Vanguard FTSE4 Developed World Hedged Pension Fund5 LPNH 5 1.00% 0.03% 1.03% Passive

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.2 These funds don’t qualify for large fund discounts. For more information about large fund discounts please see page 10.3 The FTSE All-Share Index is calculated solely by FTSE International Limited (“FTSE”). FTSE International Limited (“FTSE”) does not sponsor, endorse,

or promote funds. All copyright in the index values and constituent list vests in FTSE. Licences have been obtained from FTSE to use such copyright in the creation of this fund. “FTSE®” is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

4 The FTSE All World Developed ex UK Index is calculated solely by FTSE International Limited (“FTSE”). FTSE International Limited (“FTSE”) does not sponsor, endorse, or promote funds. All copyright in the index values and constituent list vests in FTSE. Licences have been obtained from FTSE to use such copyright in the creation of this fund. “FTSE®” is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

5 The FTSE Developed World ex UK Index is calculated solely by FTSE International Limited (“FTSE”). FTSE International Limited (“FTSE”) does not sponsor, endorse, or promote funds. All copyright in the index values and constituent list vests in FTSE. Licences have been obtained from FTSE to use such copyright in the creation of this fund. “FTSE®” is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.






Standard Life Annuity Targeting Pension Fund JMNG 4 1.00% 0.01% 1.01% Active

Standard Life Corporate Bond Pension Fund HH 3 1.00% 0.01% 1.01% Active

Standard Life Index Linked Bond Pension Fund FL 6 1.00% 0.01% 1.01% Active

Standard Life Long Corporate Bond Pension Fund HB 5 1.00% 0.01% 1.01% Active

Standard Life Mixed Bond Pension Fund FP 3 1.00% 0.01% 1.01% Active

Standard Life UK Gilt Pension Fund HD 4 1.00% 0.01% 1.01% Active

SL SLI AAA Income Pension Fund 2F 3 1.30% 0.12% 1.42% Active

SL SLI Ethical Corporate Bond Pension Fund MMMC 3 1.30% 0.12% 1.42% Active

SL SLI European Corporate Bond Pension Fund MAPI 2 1.45% 0.04% 1.49% Active

SL SLI Global Bond Pension Fund AADE 5 1.45% 0.08% 1.53% Active

SL SLI Global Corporate Bond Pension Fund NNLH 2 1.40% 0.05% 1.45% Active

SL SLI Global High Yield Bond Pension Fund DDCK 4 1.54% 0.04% 1.58% Active

SL SLI Higher Income Pension Fund 2E 3 1.30% 0.10% 1.40% Active

SL SLI Short Duration Credit Pension Fund ZR 2 1.30% 0.11% 1.41% Active

SL SLI Strategic Bond Pension Fund ZT 2 1.50% 0.13% 1.63% Active

SL BlackRock Corporate Bond 1 to 10 Year Pension Fund EEHF 2 1.00% 0.02% 1.02% PassiveSL iShares Corporate Bond Index Pension Fund JJBF 3 1.00% 0.01% 1.01% Passive

SL iShares Overseas Corporate Bond Index Pension Fund JJGC 5 1.00% 0.01% 1.01% Passive

SL iShares Overseas Government Bond Index Pension Fund HKPL 6 1.00% 0.02% 1.02% PassiveSL iShares UK Gilts All Stocks Index Pension Fund EEBK 4 1.00% 0.01% 1.01% Passive

SL Janus Henderson Sterling Bond Pension Fund 1S 4 1.50% 0.16% 1.66% Active

SL Janus Henderson Strategic Bond Pension Fund DDMB 2 1.56% 0.15% 1.71% Active

SL Invesco Perpetual Corporate Bond Pension Fund K5 2 1.66% 0.00% 1.66% ActiveSL Investec Emerging Markets Local Currency Debt Pension Fund

NNGK 7 1.68% 0.16% 1.84% Active

SL Investec Diversified Income Pension Fund 2Z 2 1.45% 0.13% 1.58% Active

SL Jupiter Corporate Bond Pension Fund 1C 2 1.50% 0.27% 1.77% Active

SL M&G Corporate Bond Pension Fund 1K 3 1.45% 0.16% 1.61% Active

SL M&G European Corporate Bond Pension Fund FFAA 5 1.43% 0.16% 1.59% Active

SL M&G Gilt & Fixed Interest Income Pension Fund MAPG 4 1.38% 0.16% 1.54% Active

SL M&G Global High Yield Bond Pension Fund AAPG 3 1.56% 0.16% 1.72% Active

SL M&G Global Macro Bond Pension Fund BEMB 5 1.60% 0.17% 1.77% Active

SL M&G Optimal Income Pension Fund CGLA 2 1.56% 0.16% 1.72% Active

SL M&G Strategic Corporate Bond Pension Fund KNAA 2 1.43% 0.16% 1.59% Active

SL M&G UK Inflation Linked Corporate Bond Pension Fund BBHF 2 1.43% 0.16% 1.59% Active

SL Newton International Bond Pension Fund EEJH 6 1.30% 0.15% 1.45% Active

SL Old Mutual Corporate Bond Pension Fund 1U 4 1.62% 0.00% 1.62% Active

SL Old Mutual Global Strategic Bond Pension Fund DDML 4 1.60% 0.00% 1.60% Active

SL Schroder Strategic Credit Pension Fund CCPK 2 1.40% 0.17% 1.57% Active

SL Threadneedle High Yield Bond Pension Fund AAKJ 3 1.56% 0.17% 1.73% Active

SL Threadneedle UK Social Bond Pension Fund MMKI 3 1.30% 0.08% 1.38% Active

SL Vanguard Global Bond Index Hedged Pension Fund MMFK 2 1.00% 0.02% 1.02% Passive

SL Vanguard Global Short-Term Bond Index Hedged Pension Fund JJMA 2 1.00% 0.02% 1.02% Passive

SL Vanguard UK Government Bond Index (AMLP) Pension Fund2 EEKB 5 0.50% 0.02% 0.52% Passive

Bonds


Bonds (continued)





SL Vanguard UK Inflation Linked Gilt Index Pension Fund GGGA 6 1.00% 0.02% 1.02% Passive

SL Vanguard UK Investment Grade Bond Index Pension Fund BFAE 3 1.00% 0.02% 1.02% PassiveSL Vanguard UK Long Duration Gilt Index Pension Fund NNBD 7 1.00% 0.02% 1.02% Passive

SL Vanguard UK Short-Term Investment Grade Bond Index Pension Fund

BBKL 2 1.00% 0.02% 1.02% Passive






Standard Life Individual Property Pension Fund NR 2 1.50% 0.03% 1.53% Active

SL SLI Global Real Estate Pension Fund RS 5 1.50% 0.17% 1.67% Active

SL SLI Global REIT Pension Fund VB 7 1.45% 0.13% 1.58% Active

SL SLI UK Real Estate Pension Fund 2R 4 1.75% 0.09% 1.84% Active

SL Aberdeen Property Share Pension Fund 2N 7 1.60% 0.11% 1.71% Active

SL iShares Global Property Securities Equity Index Pension Fund BBEC 7 1.05% 0.01% 1.06% Passive

SL Janus Henderson UK Property Pension Fund 1R 3 1.68% 0.09% 1.77% Active

SL M&G Property Portfolio Pension Fund 1M 4 1.70% 0.60% 2.30% Active

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1Please see the Guidance notes section for an explanation of active/passive investments.

Property (including property securities)





Standard Life Deposit and Treasury Pension Fund G4 1 1.00% 0.01% 1.01% Active

Standard Life Money Market Pension Fund GS 1 1.00% 0.01% 1.01% Active

SL BlackRock Cash Pension Fund LLND 1 1.13% 0.07% 1.20% Active

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.

Money Market Instruments (including cash)






Standard Life Active Higher Interest Pension Fund KMBA 1 1.00% 0.01% 1.01% ActiveStandard Life At Retirement (Active Plus Active Retirement) Pension Fund2 DDNC 3 1.00% 0.27% 1.27% Active

Standard Life At Retirement (Active Plus Lump Sum) Pension Fund2 MMAN 2 1.00% 0.09% 1.09% ActiveStandard Life At Retirement (Active Plus Universal) Pension Fund2 BDAD 3 1.08% 0.02% 1.10% ActiveStandard Life At Retirement (Annuity) Pension Fund2 NBPI 4 1.00% 0.01% 1.01% ActiveStandard Life At Retirement (Multi Asset Universal) Pension Fund2 F9 3 1.00% 0.04% 1.04% ActiveStandard Life At Retirement (MyFolio Managed Active Retirement) Pension Fund2 JJLC 3 1.00% 0.27% 1.27% Active

Standard Life At Retirement (MyFolio Managed Lump Sum) Pension Fund2 JJDE 2 1.00% 0.20% 1.20% Active

Standard Life At Retirement (MyFolio Managed Universal) Pension Fund2 HKMM 3 1.00% 0.23% 1.23% Active

Standard Life At Retirement (MyFolio Market Active Retirement) Pension Fund2 KKEK 3 1.00% 0.27% 1.27% Active

Standard Life At Retirement (MyFolio Market Lump Sum) Pension Fund2 EECK 2 1.00% 0.01% 1.01% Active

Standard Life At Retirement (MyFolio Market Universal) Pension Fund2 GGND 3 1.00% 0.02% 1.02% Active

Standard Life At Retirement (Passive Plus Active Retirement) Pension Fund2 ADMC 3 1.00% 0.27% 1.27% Active

Standard Life At Retirement (Passive Plus Lump Sum) Pension Fund2 MADB 3 1.00% 0.01% 1.01% ActiveStandard Life At Retirement (Passive Plus Universal) Pension Fund2 JJHA 3 1.00% 0.03% 1.03% ActiveStandard Life Dynamic Drawdown Pension I Fund ADNP 2 1.30% 0.06% 1.36% ActiveStandard Life Dynamic Drawdown Pension II Fund DGLI 2 1.40% 0.07% 1.47% ActiveStandard Life Dynamic Drawdown Pension III Fund BBKP 2 1.50% 0.09% 1.59% ActiveStandard Life Pre Retirement (Active Plus Active Retirement) Pension Fund2 LPNI 4 1.00% 0.41% 1.41% Active

Standard Life Pre Retirement (Active Plus Annuity) Pension Fund2 MAMI 3 1.00% 0.12% 1.12% ActiveStandard Life Pre Retirement (Active Plus Lump Sum) Pension Fund2 KNAB 2 1.00% 0.11% 1.11% ActiveStandard Life Pre Retirement (Active Plus Universal) Pension Fund2 BDAE 4 1.10% 0.02% 1.12% ActiveStandard Life Pre Retirement (MyFolio Managed Active Retirement) Pension Fund2 MMMF 4 1.00% 0.41% 1.41% Active

Standard Life Pre Retirement (MyFolio Managed Annuity) Pension Fund2 DDJC 3 1.00% 0.30% 1.30% ActiveStandard Life Pre Retirement (MyFolio Managed Lump Sum) Pension Fund2 EEMB 2 1.00% 0.26% 1.26% Active

Standard Life Pre Retirement (MyFolio Managed Universal) Pension Fund2 BBED 3 1.00% 0.30% 1.30% Active

Standard Life Pre Retirement (MyFolio Market Active Retirement) Pension Fund2 EEPB 4 1.00% 0.41% 1.41% Active

Standard Life Pre Retirement (MyFolio Market Annuity) Pension Fund2 CFMC 3 1.00% 0.02% 1.02% ActiveStandard Life Pre Retirement (MyFolio Market Lump Sum) Pension Fund2 LLNN 2 1.00% 0.01% 1.01% Active

Standard Life Pre Retirement (MyFolio Market Universal) Pension Fund2 JJNJ 3 1.00% 0.02% 1.02% ActiveStandard Life Pre Retirement (Passive Plus Active Retirement) Pension Fund2 GGBF 4 1.00% 0.41% 1.41% Active

Standard Life Pre Retirement (Passive Plus Annuity) Pension Fund2 JJJP 3 1.00% 0.03% 1.03% ActiveStandard Life Pre Retirement (Passive Plus Lump Sum) Pension Fund2 BEMA 3 1.00% 0.02% 1.02% ActiveStandard Life Pre Retirement (Passive Plus Universal) Pension Fund2 KKFF 3 1.00% 0.03% 1.03% ActiveStandard Life Short Term Income Pension Fund GGMI 1 1.00% 0.01% 1.01% ActiveSL SLI Absolute Return Global Bond Strategies Pension Fund BFCF 2 1.45% 0.05% 1.50% ActiveSL SLI Emerging Market Debt Pension Fund MMJF 6 1.55% 0.12% 1.67% ActiveSL SLI Enhanced-Diversification Growth Pension Fund MMPD 4 1.42% 0.08% 1.50% ActiveSL SLI Global Absolute Return Strategies Pension Fund YX 2 1.50% 0.09% 1.59% Active

Other


Other (continued)Fund name Fund code Volatility

ratingFMC Additional

expensesTotal annual fund charge


SL SLI Global Index Linked Bond Pension Fund 2G 4 1.30% 0.10% 1.40% ActiveSL Baring Multi Asset Pension Fund EEAC 4 1.55% 0.25% 1.80% ActiveSL BlackRock Gold & General Pension Fund BFBG 7 1.79% 0.17% 1.96% ActiveSL BlackRock Market Advantage Pension Fund MMIK 4 1.25% 0.03% 1.28% ActiveSL BlackRock UK Absolute Alpha Pension Fund3 ZS 3 1.75% 0.17% 1.92% ActiveSL Insight Global Absolute Return Pension Fund YA 3 1.60% 0.15% 1.75% ActiveSL Invesco Perpetual Global Targeted Returns Pension Fund BEJG 2 1.82% 0.00% 1.82% ActiveSL Investec Enhanced Natural Resources Pension Fund JJFE 7 1.68% 0.13% 1.81% ActiveSL JP Morgan Natural Resources Pension Fund Z1 7 1.68% 0.18% 1.86% ActiveSL LF Macquarie Global Infrastructure Securities Pension Fund YP 6 1.80% 0.43% 2.23% ActiveSL Newton Real Return Pension Fund ADDG 3 1.75% 0.04% 1.79% Active

The charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.2 Fund is designed for use within a lifestyle profile. It is not designed to be bought in isolation by investor.3 A performance fee may apply to this fund and is included in the additional expenses figure.






Standard Life Active Retirement 1 Pension Fund JJNA 1 1.00% 0.01% 1.01% ActiveStandard Life Active Retirement 2 Pension Fund NNGA 2 1.00% 0.53% 1.53% ActiveStandard Life Active Retirement 3 Pension Fund GGBG 4 1.00% 0.37% 1.37% Active

The charges you’ll pay for Standard Life Active Retirement depend on the charges of the underlying funds (or pots) and how your money is split between them. These charges will vary over time as you move through the pots and if additional expenses change. Charges may also include a service charge to cover the overall management and servicing of Standard Life Active Retirement. Charges are not guaranteed. They are regularly reviewed and may be changed in the future. If you need more help to understand these tables, please see the Guidance notes section.1 Please see the Guidance notes section for an explanation of active/passive investments.

Standard Life Active Retirement

Standard Life Active RetirementThese funds are for customers who are in retirement and are, or expect to be, withdrawing money from their pension (drawdown). See our webpages at: www.standardlife.co.uk/slar for more information.

It is not possible to combine Standard Life Active Retirement with any other fund or lifestyle profile.


Notes


AMPP5A 1018 © 2018 Standard Life Aberdeen, reproduced under licence. All rights reserved.

Find out moreIf you’d like more information on the products or services within this literature, or if there’s anything more we can help you with, just call us on this number or visit our website.

Call us on 0345 278 5626(Mon-Fri, 8am to 6pm). Calls may be monitored and/or recorded to protect you and us and help with our training.

www.standardlife.co.ukProducts provided by subsidiaries of Standard Life Aberdeen plc or other specified providers.

Standard Life Assurance Limited is owned by the Phoenix Group and uses the Standard Life brand under licence from the Standard Life Aberdeen Group. You can find more information about Standard Life Aberdeen plc’s strategic partnership with Phoenix at www. standardlife.com/partnershipStandard Life Assurance Limited is registered in Scotland (SC286833) at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH.Standard Life Assurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.standardlife.co.uk


Documents

Active Money Personal Pension - Standard LifeActive Money Personal Pension 03 External fund managers are in charge of managing their own funds including what they invest in. This means